Q18, run 2026-11-04-2028-haiku

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Which issuers were on Rating Watch Negative on 1 October 2026?

Tests: Watch over time: Marlow's Watch ended with its 2026 affirmation.

Expected: issuers = ['E06']

✅ R1 csv run 1 graded by code

E06. A17 (2026-09-03) placed it on watch, and nothing in the data resolves that before 2026-10-01. E14's watch (A35) was cleared by the affirmation in A33 (2026-05-01).

JSON: {"issuers": ["E06"]}

✅ R1 csv run 2 graded by code

E06 only. A17 placed it on watch with no resolution by 2026-10-01. E14's watch from A35 appears resolved by A33 (2026-05-01), which has a blank watch field.

JSON: {"issuers": ["E06"]}

✅ R1 csv run 3 graded by code

E06. Its RWN was placed on 2026-09-03 (A17) and not yet resolved. E14's RWN (A35) appears cleared by the 2026-05-01 affirmation with the watch flag blank (A33).

JSON: {"issuers": ["E06"]}

✅ R1 csv run 4 graded by code

E06. It is on Rating Watch Negative from A17 with no resolution recorded. E14's RWN (A35) appears closed by the affirmation A33 (2026-05-01), but the data does not say so explicitly.

JSON: {"issuers": ["E06"]}

✅ R1 csv run 5 graded by code

Orrin Bank AG (E06), from A17. E14's watch from A35 appears resolved by A33, whose watch field is blank.

JSON: {"issuers": ["E06"]}

✅ R5 csv+ontology run 1 graded by code

E06
A17 sets watch RWN on E06 and has no later action. E14's watch from A35 was cleared by A33 (2026-05-01), whose watch field is blank.

JSON: {"issuers": ["E06"]}

✅ R5 csv+ontology run 2 graded by code

E06. Its latest action, A17 (2026-09-03), carries RWN. E14's Rating Watch (A35) was not carried forward by its later affirmation, A33, which has no watch value.

JSON: {"issuers": ["E06"]}

✅ R5 csv+ontology run 3 graded by code

E06. A17 (2026-09-03) places it on Rating Watch Negative, and no later action clears it. E14's watch from A35 was cleared by the affirmation in A33, which has no watch flag.

JSON: {"issuers": ["E06"]}

✅ R5 csv+ontology run 4 graded by code

E06 only. A17 (2026-09-03) sets RWN, and no later action clears it. E14's RWN (A35) was superseded by the AF action A33 (2026-05-01), whose watch field is blank.

JSON: {"issuers": ["E06"]}

✅ R5 csv+ontology run 5 graded by code

E06. Its Watch from A17 (2026-09-03) is still in effect. E14's Watch from A35 was cleared when A33 affirmed the rating with no Watch.

JSON: {"issuers": ["E06"]}

✅ R4 csv+markdown run 1 graded by code

E06. Its latest action (A17, 2026-09-03) carries RWN. E14's Watch (A35) was superseded by the 2026-05-01 affirmation (A33), which carries no Watch flag.

JSON: {"issuers": ["E06"]}

✅ R4 csv+markdown run 2 graded by code

E06. Orrin Bank's Watch (A17) was placed in 2026-09 and is still open. Marlow's Watch (A35) was cleared by the 2026-05-01 affirmation (A33), which carries no watch flag.

JSON: {"issuers": ["E06"]}

✅ R4 csv+markdown run 3 graded by code

E06. Orrin Bank's Rating Watch Negative (A17, 2026-09-03) was still in place on 1 October. Marlow's watch (A35) was cleared by its later affirmation (A33).

JSON: {"issuers": ["E06"]}

✅ R4 csv+markdown run 4 graded by code

E06 (Orrin Bank AG), on Rating Watch Negative from A17 (2026-09-03). E14's Watch from A35 appears to have been cleared by the later affirmation A33, which has no Watch flag. That inference is reasonable but not explicit in the data.

JSON: {"issuers": ["E06"]}

✅ R4 csv+markdown run 5 graded by code

E06. A17 (2026-09-03) places Orrin Bank AG on Rating Watch Negative, and no later action clears it. E14's Watch from A35 was cleared by A33 (2026-05-01), which has no Watch flag.

JSON: {"issuers": ["E06"]}

✅ R8 csv+axioms run 1 graded by code

E06. A17 (RWN, 2026-09-03) is the only watch in force; E14's watch (A35) was superseded by A33 (AF, 2026-05-01).

JSON: {"issuers": ["E06"]}

✅ R8 csv+axioms run 2 graded by code

E06. A17 (RWN, 2026-09-03) has no later action. A35 (E14, RWN) was superseded by A33 (AF, 2026-05-01).

JSON: {"issuers": ["E06"]}

✅ R8 csv+axioms run 3 graded by code

E06. A17 (RWN) is in force. E14's RWN in A35 was superseded by the affirmation A33 on 2026-05-01.

JSON: {"issuers": ["E06"]}

✅ R8 csv+axioms run 4 graded by code

E06. A17 (2026-09-03) placed E06 on RWN with no later resolving action. E14's RWN (A35) was followed by an affirmation with no watch flag (A33, 2026-05-01), so I treat it as resolved.

JSON: {"issuers": ["E06"]}

✅ R8 csv+axioms run 5 graded by code

E06. Its A17 Rating Watch Negative (2026-09-03) is the latest action. E14's watch A35 was superseded by A33 in May 2026.

JSON: {"issuers": ["E06"]}